IPO Calendar: 3 new issues, 1 listing to watch out for next week

Tunawal E-Motors, Macobs Technologies and Kataria Industries will launch their respective issues in the SME segment next week.

Apart from the above three SME issues, the Street will also see the sole listing of Sahaj Solar Ltd.

The lull in the IPO market may only last for a while as 55 companies are gearing up to raise a whopping Rs 68,000 crore through initial share sales in the next few months, according to analysts.

What to look forward to on the IPO front next weekTunawal E-Motors IPO

The SME IPO of Tunawal E-Motors will open for subscription on July 15 and close on July 18. The company has priced the IPO at Rs 59 apiece, where investors can bid for 2000 shares in one lot.

Net proceeds for the public offer will be used for funding working capital requirements, research and developments, pursuing inorganic growth and general corporate expenses.

Tunwal E-Motors, an upcoming force in the electric vehicle (EV) manufacturing sector, stands at the forefront of India’s drive towards sustainable and eco-friendly mobility solutions. Established in 2018, the company has rapidly evolved to become a significant player in the market, specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers.

Macobs Technologies IPO

The Rs 19.46 crore SME IPO of Macobs Technologies will open for subscription on July 16 and close on July 19. The company has fixed a price band at Rs 71-75 per share.

Macobs proposes to use the net proceeds for customer acquisition through marketing and awareness, repayment of debt, working capital requirements and general corporate purposes.

The company operates within the rapidly growing men’s e-commerce grooming industry, focusing specifically on below-the-belt grooming products. The industry is characterized by a rising demand for specialized grooming tools and cosmetics catering to men’s grooming needs.

Kataria Industries

The SME IPO of Kataria Industries too will open for subscription on July 16. The issue, which closes on July 19, is a fresh equity sale of 56.85 lakh shares.

The company has fixed a price band of Rs 91-96 per share and investors can bid for 1200 shares in one lot.

Kataria Industries manufactures and supplies low relaxation prestressed concrete (LRPC) strands and steel wires, post-tensioning (PT) anchorage system (anchor cone, anchor head, and wedges), HDPE single-wall corrugated (SWC) sheathing ducts, couplers, and aluminum conductors.

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